A tricky Math(s) problem
Mar 30, 2022 13:02:45 #
Mar 30, 2022 13:17:27 #
Mar 30, 2022 13:23:58 #
Delderby wrote:
I bet if you substituted "goat" for "camera" you'd all get it right. 
Mar 30, 2022 13:49:28 #
twosummers wrote:
A man buys a goat for $60.
Then he sells it for $70.
Then he buys it back for $80
And sells it again for $90
How much profit did he make?
Mmmmm, I wonder?
No Googling or asking a nearby child....
Then he sells it for $70.
Then he buys it back for $80
And sells it again for $90
How much profit did he make?
Mmmmm, I wonder?
No Googling or asking a nearby child....
$10
Mar 30, 2022 14:00:58 #
Mar 30, 2022 14:01:48 #
Mar 30, 2022 14:07:38 #
Mar 30, 2022 14:13:32 #
TriX wrote:
Seems to me he spent a total of $140 and received a total of $160, so the profit is $20
But, he lost $10 between transactions, leaving $10.
Mar 30, 2022 14:16:05 #
Mar 30, 2022 14:19:59 #
Mar 30, 2022 14:20:27 #
StanMac
Loc: Tennessee
I have $60 in my wallet. I spend that $60 for a goat. I sell the goat for $70 - I've made $10. Then I buy the goat back for $80 (I had to dip into my savings for extra $10) So I am down $10, negating the $10 gain I made on the first sale. I then sell the goat again for $90. I recovered the $10 I lost on the second sale, so I have made only $10 on the series of transactions. I have invested $80 in the goat and got only $90 for it.
Stan
Stan
Mar 30, 2022 14:28:04 #
He'd have to pay capital gains on $20. At first I thought he made $30, but there are two separate transactions in which he made $10 on each transaction.
Mar 30, 2022 14:30:30 #
StanMac wrote:
I have $60 in my wallet. I spend that $60 for a goat. I sell the goat for $70 - I've made $10. Then I buy the goat back for $80 (I had to dip into my savings for extra $10) So I am down $10, negating the $10 gain I made on the first sale. I then sell the goat again for $90. I recovered the $10 I lost on the second sale, so I have made only $10 on the series of transactions. I have invested $80 in the goat and got only $90 for it.
Stan
Stan
What if you bought a goat for $60, sold it for $70=$10 profit
Then you bought a lens for $80, sold it for $90=$10 profit
Total profit, $20.
Mar 30, 2022 14:44:54 #
StanMac
Loc: Tennessee
cbabcock wrote:
What if you bought a goat for $60, sold it for $70=$10 profit
Then you bought a lens for $80, sold it for $90=$10 profit
Total profit, $20.
Then you bought a lens for $80, sold it for $90=$10 profit
Total profit, $20.
Not the same issue.
Stan
Mar 30, 2022 14:45:04 #
cbabcock wrote:
What if you bought a goat for $60, sold it for $70=$10 profit
Then you bought a lens for $80, sold it for $90=$10 profit
Total profit, $20.
Then you bought a lens for $80, sold it for $90=$10 profit
Total profit, $20.
What does a lens have to do with it? All transactions involved a goat.
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